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Author Question: Economists at the Department of Finance in Ottawa employ an economic model that predicts the effects ... (Read 103 times)

shivanipalawai@gmail.com

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on: Oct 12, 2022
Economists at the Department of Finance in Ottawa employ an economic model that predicts the effects of an increase in the GST. After implementation of the change, suppose researchers find that the empirical data is in conflict with the model's prediction. They are likely to
◦ modify the model in light of this newly acquired empirical knowledge.
◦ modify the prediction in light of the new evidence.
◦ modify the data to suit the definitions and assumptions.
◦ ignore the empirical evidence and continue using the model.
◦ reject the empirical data as faulty because it did not support the theory.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by shivanipalawai@gmail.com on Oct 12, 2022

mllong

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shivanipalawai@gmail.com

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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